MBA in India

Studying and living in Mumbai

Published On: 07 Feb 2012

| Last Updated On: 07 Feb 2012

Mumbai is the one of the busiest cities in India with a population of nearly 20.5 million. It is also the commercial and entertainment hub of India. It is among the world’s top 10 centers of businesses in terms of global financial flow contributing a GDP of 5% to India. Mumbai is also a center for many financial institutions such as Reserve Bank of India (RBI), Bombay Stock Exchange (BSE), National Stock Exchange (NSE), SEBI and also houses corporate offices of many Indian companies and multinational companies. The city is also a birthplace of India’s Hindi (Bollywood) and Marathi film and television industry. Mumbai offers wide job opportunities as well high standard of living which attracts migrants across India. The city is also home to several premier B-schools which attract large number of MBA aspirants.

Accommodation in Mumbai

For outstation candidates, finding a home away from home is a major concern. Though most of the universities and colleges provide hostel facilities but still they fail to cater to the needs of all the students. In this case students have to arrange for their own accommodation. Mumbai city provides wide options of hostel accommodations. Hostels can be availed with food or without food depending on the budget of the students. If you opt for hostel without food then also it will not be a big problem as we have popular dabbawalas in Mumbai who feed thousands of people daily. Students can find hostels in Dadar Bandra, Chembur, Byculla, Andheri, Parel Colaba and Vile Parle. All the hostels provide excellent quality of food and conducive environment for studying. Some of the popular hostels located in Mumbai include YMCA, Mahila Vikas Mandal Working Women Hostel, Villa Theresa Hostel, YWCA Lady Wellington Hostel,YWCA Of Bombay,Lords & Melbourne Womens Hostel, YMCA Hostel Belapur, Bhagini Samaj Hostel, Naigaon Medical Hostel, etc.

Transportation Facility

Mumbai public transport system provides a number of transportation facilities such as Mumbai Suburban Railway, Brihanmumbai Electric Supply and transport (BEST) buses, auto rickshaws, black and yellow meter taxis and ferries. Auto rickshaws are allowed to function only in suburban areas of Mumbai while taxis can operate across the city. The city also operates Mumbai Metro, Mono rail which is under construction, Airways and Sea Routes. Mumbai is both nationally as well as internationally connected.

Cultural Diversity

Mumbai popularly known as trading center is a potpourri of diverse culture and lifestyle which contribute towards making it a cosmopolitan city. Mumbai stands for its traditional festivals, food, music, theaters, entertainment and night life. People of different cultural backgrounds, religions and cuisines migrate to the city every day.

The government funded and commercial art galleries located in the city depict the contemporary art. The Chhatrapati Shivaji Maharaja Vastu Sangrahalaya is a well known museum in South Mumbai which treasures the ancient Indian history.

Mumbai has a zoo called jijamata Udyaan which also ports a garden. The city is birthplace of Indian Cinema. The award ceremony of Filmfare Awards and Mumbai International Film festival are held in Mumbai. Mumbai nurtures theatre movement tradition in Marathi, Hindi, English and other regional languages.

Maharashtra Tourism Development Corporation (MTDC) organizes the Banganga festival in the month of January every year. The famous elephant Festival celebrated every February on the Elephanta Islands is devoted to classical Indian Dance and music and welcomes performers from the entire country.

Cost of Living

The living cost of Mumbai is very high as compared to other metro cities in India. Mumbai being home to a number of financial institutions and large number of Indian companies such as Reliance, Godrej, Tata Group, Mumbai is regarded as the backbone of the Indian economy. The cost of residing, food, travel expenses and other miscellaneous expenses is high in Mumbai.

If you are aspiring to pursue management courses, Mumbai is one the best alternatives to choose from both in terms of studying as well as living.